Appendix A - Initial Forecast February 2022
Financial Forecast - February 2022 Budget Cabinet Proposals
Download a copy of Appendix A - Initial Forecast February 2022. (PDF) [147KB]
2021 / 22 £000 | 2022 / 23 £000 | 2023 / 24 £000 | 2024 / 25 £000 | 2025 / 26 £000 | Adv (A) / Fav (F) | |
|---|---|---|---|---|---|---|
| Forecast agreed February 2021 | 22,017 | 21,388 | 20,747 | 20,830 | 20,830 | |
| Forecast Changes | - 1,076 | 888 | 1,710 | 536 | 1,051 | (A) |
| Growth Proposals | 344 | 302 | 302 | 302 | (A) | |
| Total Expenditure - Financed by | 20,941 | 22,620 | 22,759 | 21,668 | 22,183 | |
| Lower Tier Services Grant | 237 | 254 | - | - | - | |
| Services Grant New | 383 | - | - | - | ||
| Business Rates Baseline Funding | 5,560 | 5,560 | 5,560 | 5,560 | 5,560 | |
| New Homes Bonus (Contributes to City Deal) | 1,405 | 1,866 | ||||
| Council Tax | 12,579 | 13,249 | 13,685 | 14,114 | 14,554 | |
19,781 | 21,312 | 19,245 | 19,674 | 20,114 | ||
| Call on Reserves | 1,160 | 1,308 | 3,514 | 1,994 | 2,069 | |
| General Fund Reserves | ||||||
| Balance of Reserves b/f | 9,880 | 8,720 | 7,412 | 4,398 | 2,904 | |
| Less transfer to/(-) from reserves to Revenue in Year | -1,160 | -1,308 | -3,514 | -1,994 | -2,069 | |
| Savings requirement (to ensure £1.1m minimum balance) | 500 | 500 | 500 | |||
| Year End Balance | 8,720 | 7,412 | 4,398 | 2,904 | 1,335 | |
| Band D Council Tax | £327.13 | £333.63 | £340.26 | £347.03 | £353.93 | |
| Council Tax Increase | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | |
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